![GST Registration Restoration Dependent on Verification of New Business Premises and Documents: Delhi HC Directs Fresh Inspection [Read Order]](https://images.taxscan.in/h-upload/2025/11/04/500x300_2102337-gst-registration-verification-new-business-premises-documents-delhi-hc-taxscan.webp "GST Registration Restoration Dependent on Verification of New Business Premises and Documents: Delhi HC Directs Fresh Inspection [Read Order]")
GST Registration Restoration Dependent on Verification of New Business Premises and Documents: Delhi HC Directs Fresh Inspection [Read Order]
The Delhi High Court has directed the concerned authorities to conduct a fresh inspection of Sakshi Trading Company’s new business premises before...
![Unspent Research Grant of ₹13.05 Lakh Treated as Deferred Liability: ITAT Holds Amount Non-Taxable Until Project Utilisation [Read Order]](https://images.taxscan.in/h-upload/2025/11/04/250x150_2102331-pi7toolunspent-research-grant-liability-itat-taxscan.webp "Unspent Research Grant of ₹13.05 Lakh Treated as Deferred Liability: ITAT Holds Amount Non-Taxable Until Project Utilisation [Read Order]")
![Partial Relief for IIECL: ITAT Holds Only Profit Margin Taxable, Restricts Addition on ₹92.20 Lakh Bogus Purchases to 5% [Read Order]](https://images.taxscan.in/h-upload/2025/11/04/250x150_2102318-iiecl-itat-profit-margin-taxable-restricts-bogus-taxscan.webp "Partial Relief for IIECL: ITAT Holds Only Profit Margin Taxable, Restricts Addition on ₹92.20 Lakh Bogus Purchases to 5% [Read Order]")
![NCLT Admits S. 9 Application, Initiates CIRP Against Tirumalla Agro Industries for ₹1.11 Crore Default [Read Order]](https://images.taxscan.in/h-upload/2025/11/04/250x150_2102315-nclt-cirp-cirp-against-tirumalla-agro-industries-tirumalla-agro-industries-taxscan-.webp "NCLT Admits S. 9 Application, Initiates CIRP Against Tirumalla Agro Industries for ₹1.11 Crore Default [Read Order]")
Tax Audit u/s 44AB Not Applicable When Turnover is Below ₹60 Lakh: ITAT Deletes Addition [Read Order]
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition for business loss claim from derivative trading observing that tax audit under section 44AB was not applicable when ...
![Tax Audit u/s 44AB Not Applicable When Turnover is Below ₹60 Lakh: ITAT Deletes Addition [Read Order]](https://images.taxscan.in/h-upload/2025/11/04/500x300_2102287-tax-audit-itat-itat-deletes-addition-applicable-when-turnover-taxscan.webp "Tax Audit u/s 44AB Not Applicable When Turnover is Below ₹60 Lakh: ITAT Deletes Addition [Read Order]")
NRI Property Sale: Decoding Capital Gains, TDS Obligations under IT Act, and Repatriation Compliance under FEMA
The sale of immovable property in India by a Non-Resident Indian (NRI) triggers a cascade of tax and regulatory compliance requirements, necessitating a careful understanding of the Income Tax Act, ...
![Gujarat HC Upholds NCLT’s Power to Direct Lessee to Vacate Corporate Debtor’s Property [Read Order]](https://images.taxscan.in/h-upload/2025/11/04/500x300_2102349-gujarat-hc-nclt-corporate-debtor-corporate-debtors-property-taxscan.webp "Gujarat HC Upholds NCLT’s Power to Direct Lessee to Vacate Corporate Debtor’s Property [Read Order]")
18% GST on Flow Meter Maintenance: AAR Rejects 'Composite Supply' Claim, Denies Nil Rate Benefit [Read Order]
The Andhra Pradesh Authority for Advance Ruling (AAR) has ruled that maintenance charges for flow meters do not form a composite supply with the supply of recycled water and are therefore taxable at...
![18% GST on Flow Meter Maintenance: AAR Rejects Composite Supply Claim, Denies Nil Rate Benefit [Read Order]](https://images.taxscan.in/h-upload/2025/11/04/500x300_2102298-aar-gst-flow-meter-maintenance-taxscan.webp "18% GST on Flow Meter Maintenance: AAR Rejects Composite Supply Claim, Denies Nil Rate Benefit [Read Order]")
Unexplained Cash Deposits in Co-op Credit Society Require Verification: ITAT Remands ₹5 Cr Addition u/s 69A for Fresh Adjudication [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has remanded a ₹5 crore addition made under Section 69A of the Income Tax Act, holding that cash deposits in a co-operative credit...
![Unexplained Cash Deposits in Co-op Credit Society Require Verification: ITAT Remands ₹5 Cr Addition u/s 69A for Fresh Adjudication [Read Order]](https://images.taxscan.in/h-upload/2025/11/04/500x300_2102313-unexplained-cash-deposits-co-op-credit-society-itat-taxscan.webp "Unexplained Cash Deposits in Co-op Credit Society Require Verification: ITAT Remands ₹5 Cr Addition u/s 69A for Fresh Adjudication [Read Order]")
Funds Declared in Settlement Proceedings Cannot Be Treated as Unexplained Loans: Delhi HC rejects Revenue Appeal in Income Tax Case [Read Order]
The Delhi High Court has held that funds disclosed and taxed in proceedings before the Income Tax Settlement Commission cannot subsequently be treated as unexplained loans under Section 68 of the...
![Funds Declared in Settlement Proceedings Cannot Be Treated as Unexplained Loans: Delhi HC rejects Revenue Appeal in Income Tax Case [Read Order]](https://images.taxscan.in/h-upload/2025/11/04/500x300_2102300-funds-declared-settlement-proceedings-unexplained-loans-delhi-hc-revenue-appeal-income-tax-case-taxscan.webp "Funds Declared in Settlement Proceedings Cannot Be Treated as Unexplained Loans: Delhi HC rejects Revenue Appeal in Income Tax Case [Read Order]")